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Distribution Of Wealth In A Network Model Of The Economy
Distribution Of Wealth A Network Model The Economy
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2012/9/14
We show, analytically and numerically, that wealth distribution in the Bouchaud-Mezard network model of the economy is described by a three-parameter generalized inverse gamma distribution. In the mea...
Applications of Complex Systems in Business and Economy
Applications Complex Systems Business and Economy
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2012/9/14
In this paper the complex systems are discussed from the business and economics point of view. It will be showed and motivated that social systems are typically chaotic and/or non-linear and therefore...
Does GDP measure growth in the economy or simply growth in the money supply?
GDP measure growth the economy money supply
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2012/9/14
Gross Domestic Product(GDP) is a widely used measurement ofeconomic growth representing the market value of all final goods and services produced by a country within a given time. In this paper we que...
Entangled Economy: an ecosystems approach to modeling systemic level dynamics
Complexity economics Evolutionary economics.
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2012/9/14
We present a model of an economy inspired by individual based model ap-proaches in evolutionary ecology. We demonstrate that evolutionary dynam-ics in a space of companies interconnected through a cor...
Agent-Based Model Approach to Complex Phenomena in Real Economy
Agent-Based Model Complex Phenomena Real Economy
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2010/10/29
An agent-based model for rms' dynamics is developed. The model consists of rm
agents with identical characteristic parameters and a bank agent. Dynamics of those agents
is described by their balan...